D.A. Davidson & CO. Has $299,000 Holdings in Bunge Global SA $BG

D.A. Davidson & CO. cut its holdings in Bunge Global SA (NYSE:BG) by 27.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,726 shares of the basic materials company’s stock after selling 1,393 shares during the period. D.A. Davidson & CO.’s holdings in Bunge Global were worth $299,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Cromwell Holdings LLC increased its holdings in Bunge Global by 4,175.0% during the second quarter. Cromwell Holdings LLC now owns 342 shares of the basic materials company’s stock worth $27,000 after buying an additional 334 shares during the last quarter. Ameritas Advisory Services LLC acquired a new position in Bunge Global during the second quarter worth $29,000. Manchester Capital Management LLC increased its holdings in Bunge Global by 588.5% during the first quarter. Manchester Capital Management LLC now owns 420 shares of the basic materials company’s stock worth $32,000 after buying an additional 359 shares during the last quarter. SVB Wealth LLC acquired a new position in Bunge Global during the first quarter worth $38,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in Bunge Global by 197.1% during the first quarter. Caitong International Asset Management Co. Ltd now owns 514 shares of the basic materials company’s stock worth $39,000 after buying an additional 341 shares during the last quarter. 86.23% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BG has been the topic of several research reports. Stephens upped their price objective on shares of Bunge Global from $85.00 to $115.00 and gave the company an “overweight” rating in a report on Friday, October 17th. Barclays upped their price objective on shares of Bunge Global from $85.00 to $105.00 and gave the company an “equal weight” rating in a report on Tuesday, October 21st. BMO Capital Markets upped their price objective on shares of Bunge Global from $95.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, October 16th. Weiss Ratings reiterated a “hold (c)” rating on shares of Bunge Global in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Bunge Global from $95.00 to $107.00 and gave the company an “overweight” rating in a research report on Thursday, October 16th. Four research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $99.43.

Insider Transactions at Bunge Global

In other Bunge Global news, Director Christopher Mahoney acquired 5,000 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The stock was acquired at an average price of $81.73 per share, for a total transaction of $408,650.00. Following the acquisition, the director directly owned 7,164 shares in the company, valued at $585,513.72. This represents a 231.05% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.80% of the stock is currently owned by company insiders.

Bunge Global Stock Down 1.0%

BG stock opened at $95.17 on Friday. The stock has a market capitalization of $19.04 billion, a P/E ratio of 9.51, a price-to-earnings-growth ratio of 8.28 and a beta of 0.66. The company has a current ratio of 2.07, a quick ratio of 1.29 and a debt-to-equity ratio of 0.59. Bunge Global SA has a 12 month low of $67.40 and a 12 month high of $99.55. The firm has a 50-day moving average price of $85.65 and a 200-day moving average price of $81.41.

Bunge Global (NYSE:BG) last posted its earnings results on Wednesday, July 30th. The basic materials company reported $1.31 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.12. The firm had revenue of $12.77 billion during the quarter, compared to analysts’ expectations of $12.57 billion. Bunge Global had a net margin of 2.71% and a return on equity of 9.16%. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.73 earnings per share. As a group, equities research analysts anticipate that Bunge Global SA will post 7.94 EPS for the current fiscal year.

About Bunge Global

Bunge Global SA operates as an agribusiness and food company worldwide. It operates through four segments: Agribusiness, Refined and Specialty Oils, Milling, and Sugar and Bioenergy. The Agribusiness segment purchases, stores, transports, processes, and sells agricultural commodities and commodity products, including oilseeds primarily soybeans, rapeseed, canola, and sunflower seeds, as well as grains comprising wheat and corn; and processes oilseeds into vegetable oils and protein meals.